A free zone in the UAE is a place exempted from taxes and possesses low barriers of trade while a phenomenally growing business environment. Having strategically located with all sorts of connectivity, it has become the ideal place for entrepreneurs from around the different countries of the world.
Free zones are available in every emirate of the seven emirates of the UAE - Dubai, Abu Dhabi, Sharjah, Ras al-Khaimah, Ajman, Fujairah, and Umm al-Quwain. Given the liberal government policies and support, company formation in the free zones of the UAE is easy, quick and hassle-free. This has led to more number of foreign investors with less capital investment.
In the free zones of the UAE, three types of business entities are allowed to be set up and they are
Branch of a foreign or local company
FZE - Free Zone Establishment with a shareholder
FZC - Free Zone Company with about 2 to 5 shareholders
Depending on the entity type, the capital requirement varies. As a business owner, it is essential to decide the type of business entity you are willing to establish.
After determining your type of legal entity, pick a trading name for your firm. You make sure to check the permitted trade names with the concerned free zone authority and choose the right one according to your business.
There are different types of business licenses available namely General Trading License, Trading/Commercial License, Service License, Industrial License, Warehousing License, and Manufacturing License. Depending upon your primary business activity, apply for the business license with relevant documents .
In the Free zone, with the help of flex-desk office service, buy or lease office space that suits your business needs including employee count, business activity and so on.
As per your free zone and emirate, get initial-level approval from the related authorities. Thereafter, do your business registration and get your business license. It takes around 2-4 weeks for the entire process to get over. After availing the license, your business will be all set to begin. to get done with this process. Once you get the license, you are good to start your business.
Incorporation of the Company incorporation
Registration of the company
Local sponsorship
Public Relations Officer (PRO) services
Accounting and bookkeeping
Auditing and financial services
Legal advisory
Company setup and property protectionAs a registered business setup company, Global U Support LLC (GUS) aids entrepreneurs and business firms to form their company in the Free zone of the UAE with ease. With the help of our experts, every procedure from banking to license & other formalities will be handled with the ultimate care following laws of the UAE government.